Results for "broker-dealers"

Displaying 3,759 results

Sort: Date | Relevance

Author:

Wirehouses find a way through 401(k) regulation

October 27, 2013

Expect wirehouses to step up their 401(k) game in a bid for more retirement plan business. Stronger regulations from the Labor Department over the last three years have been calling for a more visible demarcation among financial advisers, distinguishing...

Under new structure, fewer MetLife advisers pushed to produce more

October 25, 2013

MetLife Inc. is revamping its distribution group, giving its two remaining broker-dealers higher required minimum production levels with the expectations of selling more proprietary products with fewer reps. The insurer is placing MetLife Securities...

Incentive compensation: The new rules for advisers

October 25, 2013

It's clear the strongest firms are committed to recruiting top talent with top compensation. According to the 2013 InvestmentNews/Moss Adams Adviser Compensation and Staffing Study, adviser compensation has grown since 2011 and there is high...

Bank of America Merrill Lynch exec named to lead ING broker-dealer

October 24, 2013

ING U.S., one of the nation's largest insurers, Thursday named an executive from Bank of America Corp.'s mass-affluent brokerage business to lead its broker-dealer. Thomas Halloran, who was the managing director overseeing product strategy and...

After absorbing Morgan Keegan, Raymond James will focus on recruiting

October 24, 2013

Finished with its acquisition of Morgan Keegan & Co. Inc., Raymond James Financial Inc. plans to refocus on recruiting, which was depressed across the industry in the first half of 2013, chief executive Paul Reilly said Thursday, a day after...

Morgan Stanley, Merrill Lynch in broker-recruiting truce

October 24, 2013

Morgan Stanley and Bank of America Corp., owners of the world's largest brokerages, say the days of paying big bonuses to lure each other's brokers and keep their own in place may be ending. James Gorman, Morgan Stanley's chief executive, said...

Raymond James reports record net income, profit for fiscal year

October 23, 2013

On the back of its acquisition of Morgan Keegan & Co. Inc., Raymond James Financial Inc. on Wednesday reported record net revenue of $4.5 billion for its fiscal year ended in Sept. 30, up 18% from the prior year. The firm, home to 5,700 registered...

Wall Street profit may drop 37%, bitten by laws, Congress

October 22, 2013

Wall Street's profit may fall 37% this year, hurt during the second half by rising interest rates, legal costs and budget turmoil in Washington, according to New York State Comptroller Thomas DiNapoli. He forecast securities industry earnings...

The $50B wirehouse heist

October 22, 2013

The result is shocking. I have done the math. Wirehouses destroy close to $50 billion in portfolio value each year. That's some 100 basis points in lost value that could be in their clients' portfolios, and isn't. It is $50 billion these clients...

Lebenthal deal clouds E.F. Hutton relaunch

October 20, 2013

After more than 18 months of touting efforts to resurrect the brokerage brand E.F. Hutton & Co., the most vocal promoter of the venture, Frank Campanale, has jumped ship to try and breathe new life into another iconic brand, Lebenthal & Co....

Merrill Lynch prospers as advisers depart

October 20, 2013

Bank of America Merrill Lynch is doing more with less. The brokerage firm's business unit last quarter delivered $719 million in profit to its parent company, Bank of America Corp., even as the country's largest such firm by assets under management...

Is it too easy to clear broker records?

October 20, 2013

Brokers who are the subject of investor arbitration cases can clear their record of any wrongdoing too easily, according to a lawyers' group that represents plaintiffs. A study released last Wednesday by the Public Investors Arbitration Bar...

How William Galvin has galvanized the broker-dealer industry

October 20, 2013

William Galvin is a securities regulator for only one state, but you would never know it by the volume of the fines he imposes on the brokerage industry. Indeed, when it comes to inflicting monetary pain on broker-dealers, the Massachsuetts...

Future of E.F. Hutton relaunch in question in wake of Lebenthal deal

October 18, 2013

After more than 18 months of touting efforts to resurrect the iconic brokerage brand E.F. Hutton & Co., the most vocal promoter of the venture, Frank Campanale, has jumped ship to try and breathe new life into another iconic brand, Lebenthal...

Merrill delivers profit to Bank of America as adviser ranks shrink more

October 16, 2013

Bank of America Merrill Lynch is doing more with less. The brokerage’s business unit last quarter delivered $719 million in profit to its parent company, Bank of America Corp., even as the country's largest brokerage by assets under management...

Too easy for brokers to clean records, lawyers say

October 16, 2013

Brokers who are the subject of investor arbitration cases can clear their record of any wrongdoing too easily, according to a lawyers' group that represents plaintiffs. A study released on Wednesday by the Public Investors Arbitration Bar Association...

B-D chief in $1.5M settlement with SEC over claims of misleading comp disclosure

October 15, 2013

The head of a broker-dealer that distributes illiquid equipment-leasing funds last month reached a $1.5 million settlement with the Securities and Exchange Commission after the agency alleged that a related fund group misled investors regarding...

UBS team goes indie

October 13, 2013

UBS Financial Services Inc.'s largest wealth management team in San Diego has gone independent. Ajay K. Gupta and two other partners have registered with the Securities and Exchange Commission as Gupta Wealth Management LLC. The team managed...

Wealth management helps drive Wells Fargo third quarter

October 11, 2013

Wells Fargo & Co.'s wealth management businesses delivered higher profits in the third quarter as market performance and money flows drove client assets — and fees — higher, bank executives said Friday. Wells Fargo's Wealth, Brokerage and...

RBC adds California team from Merrill

October 11, 2013

RBC Wealth Management has added a team of advisers in Southern California who managed $500 million in assets at Bank of America Merrill Lynch, an RBC executive said on Thursday. The Resin Hammitt Group, which is led by advisers Philip Hammitt...

« Previous Page

1 ... 184 | 185 | 186 | 187 | 188

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.